Jabil (NYSE:JBL) Releases Q4 2019 Earnings Guidance

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Jabil (NYSE:JBL) issued an update on its fourth quarter 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.76-0.96 for the period, compared to the Thomson Reuters consensus estimate of $0.86. The company issued revenue guidance of $6.3-6.9 billion, compared to the consensus revenue estimate of $6.42 billion.Jabil also updated its Q4 guidance to $0.76-0.96 EPS.

A number of brokerages have recently weighed in on JBL. Zacks Investment Research lowered shares of Jabil from a hold rating to a sell rating in a research note on Wednesday, March 20th. Raymond James raised shares of Jabil from a market perform rating to a strong-buy rating and set a $34.00 price target for the company in a research note on Monday, April 1st. Finally, TheStreet raised shares of Jabil from a c+ rating to a b rating in a research note on Monday, February 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Jabil presently has an average rating of Hold and a consensus target price of $29.33.

Shares of NYSE:JBL opened at $30.12 on Thursday. The company has a market capitalization of $4.18 billion, a PE ratio of 12.53, a P/E/G ratio of 0.99 and a beta of 0.79. Jabil has a twelve month low of $21.49 and a twelve month high of $31.50. The company has a quick ratio of 0.60, a current ratio of 1.02 and a debt-to-equity ratio of 1.34.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Tuesday, June 18th. The technology company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $6.14 billion during the quarter, compared to analyst estimates of $6.01 billion. Jabil had a net margin of 0.72% and a return on equity of 18.47%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. Equities analysts forecast that Jabil will post 2.3 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.06%. Jabil’s payout ratio is currently 14.75%.

In related news, SVP Sergio Cadavid sold 5,888 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $30.00, for a total value of $176,640.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Martha Brooks sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $30.22, for a total transaction of $302,200.00. Following the completion of the sale, the director now owns 92,400 shares in the company, valued at $2,792,328. The disclosure for this sale can be found here. Insiders sold a total of 46,388 shares of company stock worth $1,389,530 over the last quarter. Insiders own 2.90% of the company’s stock.

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Jabil Company Profile

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic circuit design services, such as application-specific integrated circuit design, firmware development and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).

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